Reinsurance
Energy - Deepwater Horizon impact: In deep water?
Stephanie Denton reports on the fallout for the energy market from the recent Deepwater Horizon drilling platform explosion.
SCM talks set for full purchase of Axis
SCM Insurance Services will enter discussions with Axis Claims Pro to consider the purchase of its international arm "within a month".
BMS sets growth strategy of doubling in size by 2015
London market broker BMS is set to make a number of acquisitions and team hires as part of plans to double its business by 2015.
US giant Gallaghers unveils second UK swoop in months
US broking giant Arthur J Gallagher has announced the acquisition of London-based Risk & Reward Group. Terms of the transaction were not disclosed.
Aon Benfield: Reinsurance capital reaches record rates
Reinsurer capital rose to record $434bn (£295bn) despite the Chilean earthquake and European windstorm Xynthia, the Aon Benfield Renewals Update report has revealed.
Aspen recruits ex-AIG manager to head new operattion
Aspen Insurance Holdings has appointed Heinz Eggenberger as general manager of Aspen’s new Switzerland based-general insurance business.
Aspen recruits ex-AIG manager to head new operattion
Aspen Insurance Holdings has appointed Heinz Eggenberger as general manager of Aspen’s new Switzerland based-general insurance business.
BMS revenues rise 10% in 2009
Reinsurance broker BMS has reported an underlying profit of £9.2m in 2009.
Prudential confirms talks to renegotiate AIA deal
Prudential said it was trying to negotiate a cut in the $35.5bn it has agreed to pay for AIG's Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
US government predicts up to 23 Atlantic storms
National Oceanic and Atmospheric Administration (NOAA) predicts “one of the most active [hurricane] seasons on record.”
AIR: Deepwater spill could affect hurricane season
A report from the modeling firm says that effects of the spill on hurricane season are likely to be minimal but there is a chance the oil could act to prevent or encourage hurricane formation.
Swiss Re successfully places $150m natural catastrophe risk for Allianz
Swiss Re Capital Markets has structured and placed $150m of insurance linked securities issued by Blue Fin covering US hurricane and earthquake risk.
Liberty Mutual and General Re settle dispute
Liberty Mutual has resolved a dispute in which it accused the General Re, the reinsurance unit of Berkshire Hathaway of fraud, according to a court filing.
Lloyd's Market Association names new chairman
Barnabas Hurst-Bannister, chairman of Travelers Syndicate Management, has been elected chairman of the Lloyd’s Market Association, which represents the interests of the Lloyd’s underwriting community.
Experts warn of further Icelandic volcano disruption
Experts from the newly formed UCL Institute for Risk and Disaster Reduction today warned that with the high frequency of eruptions of Katla, an eruption in the short term is a strong possibility.
Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
More analysts warn on Prudential’s AIA deal
A chorus of opposition is growing against Prudential's $35.5bn takeover of AIA, with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote, according to newswire Reuters.
Alterra insurance chief to retire
Alterra Capital has announced that Angelo Guagliano, president and CEO of Alterra Insurance, will retire at the end of May.
Transocean cannot cap Deepwater Horizon liability says court
Transocean cannot use a 150-year- old statute to cap its liability against claims arising from the Gulf of Mexico oil spill, lawyers for victims of the disaster said at a hearing in federal court in Houston, according to newswire Bloomberg.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
Met office predicts active hurricane season
Early indications show it could be an active year for the North Atlantic tropical storm season, according to The Met Office’s initial forecast for the season, expected within the next month.
Reinsurers should prepare for active 2010 hurricane season – TSR
Tropical Storm Risk (TSR), which provides real-time mapping and prediction of tropical cyclone windfields worldwide, anticipates Atlantic basin and US landfalling hurricane activity being 55% above the long-term (1950-2009) norm this summer.
Kane appoints Peter Greenslade as group CFO
Kane has announced the appointment of Peter Greenslade as group CFO.